Snapshots That Wow!

Blink or not, you can no longer miss this!

Quick commerce now accounts for ~6% of major Indian consumer goods sales, 2x of FY25 levels

Source: Kotak Institutional Equities

Passive ownership resulting in active wealth creation

“It's incredible that just ~2% of Americans owned any stocks in 1929.” Index funds and 401k changed the game of equity ownership for Americans. With SEBI proposing MF units to be included as a way of paying income, are we headed for our own 401k

Source: Acquired Podcast

Vanguard the robinhood!

“Vanguard itself is essentially a communist organization — it has no shareholders, makes no profits, and operates more like REI than Fidelity. If you own a Vanguard fund, you own a piece of the firm itself.

Any excess margin instead gets returned to clients in the form of lower fees, which since 1975 have added up to roughly five hundred billion dollars transferred out of Wall Street managers' pockets and into retail investors' savings accounts.”

Source: Acquired Podcast

Bubbles turn naughty, at four zero, forty!

“The history of stock market bubble concentration add mega IPOs to AI big boys and market concentration easily surpasses (~48%) bubbles of roaring ‘20s, Nifty 50 ‘70s, Japan ‘80s, TMT ‘90s (Chart 2 - but not railroads in 1880s)

Source: Bofa Global Research

Risk hai toh ishq hai!

“Investor demand for downside protection is plummeting:

The average 3-month put-to-call skew of S&P 500 single stocks is down to 0.04, the 4th-lowest reading over the last 20 years.”

Source: Kobeissi

UK planes brexited from jet fuel sources!

“The UK is far more exposed to the global jet fuel market than any other major country in Europe, with local refining output only able to cover 24% of demand.”

Source: Bloomberg